EURUSD
As
we expected yesterday, the EURUSD fell after retesting the broken upward trend
line on the one-hour timeframe. Now, we expect more decline in the coming hours.
Resistance
levels: 1.1175 - 1.1210 - 1.1260
Support
levels: 1.1110 - 1.0990 - 1.0940
Direction:
Bearish
GBPUSD
The
GBPUSD broke the uptrend line, but still close to a strong support area. So, we
should wait for it to breach to target the 1.2770 price level.
Resistance
1.3500 -1.3600 - 1.3650
Support:
1.3020 - 1.2960 - 1.2900
Direction:
Bearish
USDJPY
The
USDJPY strongly fell after touching the resistance level of 109.70, and it is
likely to continue falling until the price level of 108.90.
Resistance:
109.70 - 110.00 - 110.50
Support:
108.90 - 108.30 - 107.90
Trend:
Volatile
Gold
Gold
is moving in an upward direction on the hourly timeframe, as shown in the
following image, where the price is facing resistance at 1478. We are currently
waiting for its breach and stability above it to buy.
Resistance:
1495 - 1515 - 1540
Support:
1445 - 1430 - 1420
Trend:
Bullish
Oil
As
it is clear from the following chart, oil is moving in an upside direction on
the hourly interval and near the top of the channel. We should wait for the
support level of 58.81 to be broken for selling until the bottom of the
channel. Also, the RSI indicates overbought and refers to a negative price
divergence, which supports the downside correction. .
Resistance
62.50 - 65.00 - 68.00
Support:
58.81 - 53.75 - 51.45
Trend: Bullish